/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES/ HOUSTON, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Digihost Technology Inc. ("Digihost" or the "Company") (Nasdaq / TSXV:DGHI), an innovative U.S. based blockchain technology and computer infrastructure company, is pleased to announce that it has closed its previously announced private placement of its equity securities (the "Private Placement"). The Private Placement was for gross proceeds of US$4 million and consisted of the sale of 3,636,363 units of the Company ("Units") at a purchase price of US$1.10 per Unit. Each Unit is comprised of one subordinate voting share of the Company (a "Share") and one warrant (a "Warrant"), with each Warrant entitling the holder to purchase one additional Share. The Warrants have an exercise price of US$2.00 per Share and exercise period of three years from the issuance date. The net proceeds of the Private Placement will be used by the Company primarily for acquisitions related to infrastructure expansion and for general working capital purposes. The securities issued under the Offering are subject to customary resale restrictions in the United States with no resale restrictions in Canada. No securities were offered or sold to Canadian residents in connection with the Private Placement. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. ...